Stock market today: Domestic benchmark indices Sensex and Nifty on Monday (August 5) are likely to open lower tracking Asian peers after weak labour market data in the U.S. spurred fears of a likely growth slowdown in the world's largest economy. At the last count, GIFT Nifty futures — an early indicator of the Nifty50 index — were down 356.55 points or 1.44 percent at 24,355.

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

Important triggers that can affect the markets today are: 

  • Dow fell 610, Nasdaq 418 points on Friday.
  • Global markets including Asia crashed, Nikkei fell by 2000 points.
  • Crude below $77, dollar index falls near 103.
  • FIIs sold Rs 13,000 crore on Friday.
  • Britannia, SBI, and Divi's Laboratories shares in focus after Q1 results.
  • Jeweller and watchmaker Titan Company could also be under pressure after missing June quarter profit estimates as higher gold prices hindered demand in its mainstay jewellery segment.
  • Data released after market hours on Friday showed that U.S. jobs growth slowed more than expected in July, sparking fears of economic slowdown and weighing on global equities.

Indian equities slumped in Friday's session as weak global cues weighed on sentiments. Nifty finished over 1 per cent or 293.2 points lower at 24,717.7, while the Sensex retreated by 1.08 per cent or 885.59 at 80,981.95.

Sectorally, it was a sea of red as benchmarks witnessed increasing volatility as economic growth concerns came to the fore in the US after the macro data. Also, heightened geopolitical tensions in the Middle East led to risk-off sentiment.

For all other news related to business, politics, tech and auto, visit Zeebiz.com.

DISCLAIMER: The views and investment tips expressed by investment experts on zeebiz.com are their own and not those of the website or its management. zeebiz.com advises users to check with certified experts before taking any investment decisions.